Ray Pezonella, owner of Pezonella Associates, an engineering firm in Reno, says that construction-defects legal fees costs him anywhere from $50,000 to $100,000 each year, whether he was attributed to the defect or not.
Because that amount is below his
insurance deductible, he
has to pay for it directly.
"The lawyers just sit down and tell you it will cost you "X" to settle the suit, or we'll go to court," said Pezonella
Ray Pezonella, owner of Pezonella Engineering in Reno, has been in business for 35 years.
down only about 4 employees since the recession, but he
won't be hiring anytime soon as the economy coupled with the threats of increasing regulation makes the future too uncertain.
concerned with the announcement that Nevada OSHA
made in October that they will be doubling their fine rate to 50%.
says dealing with the government used to be cooperative, now it's combative.
They're just looking for a reason to fine you, he
The cost of regulatory compliance is around $10,000 a year now.
So no, Ray
won't be hiring anyone real soon either.